Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1887-03-04
THE UNION TURNPIKE 90.
ss6,o5o Of the 100000 Stock
Taken. Formal Incorporation
and Organization.
List Of Stockholders, Etc.

| The subscribers to the turnpike
scheme met at the Opera House Tues
day afternoon and affected an organ
izati0n. Mr.. j. ID. Russell was made
chairman and Judge J. /. Landes
secretary of the meeting. Represen-
tatives OF the two local papers were
made assistant secretaries. The fol-
lowing propositions were submitted
by Mr.. Il. p. Campbell, attorney for
Mr.. Jno. @. Latham:
10 The Subscribers ar The Christian
County Union Turnpike Co.
GENTLEMEN -
Last week II occurred to me that
with the aid of capital contributed
outside Of the county, a system of
turnpike, might be constructed that
would prove a great benefit to ali The
people. Individually consulted
with some of the leading citizens Of
Hopkinsvllle, who readily approved |
the plan / suggested, and made hand
some contribuiions--in this way the |
movement,was set on foot. Messrs. j.
ID. Russell and Henry @. Cant, kind
ly offered their services to promote |
the enterprise and mainly through |
their efforts the large and generous
subscription OF nearly $4,000 has
been subscribed 10 the turnpike COM
pany, by the city and county. This
important matter having assumed
tangible shape, ] beg to make the fol-
lowing propagation:
1st. l win subscribe $4,000 TO the
preferred stock Of the company, said
stock 10 be preferred TO the extent OF
Q per cent. and all net earnings of the
company, above the amount. are 10
be divided pro rata between the pre-
ferred and common stock holders.
2nd. will subscribe $4,000 to the
preferred stock and IL preference is
made at per cent. (Which is about
the ruling rate for money in this
county, will consent, that all the
net earnings Of the roads over and
above that amount shall 90 to the
common stock holders.
3rd. In the event that the foregoing
propositions are not accepted, will
make an absolute gift of 5000, re-
ceiving no stock thereof, provided
the subscription already made, be APP
piled TO building turnpike roads In
Christian county.
4th. Should propositions not be ac-
cepted will subscribe $4,000 to the
common stock Of the company, pro-
vided that $4,000 exclusive Of my
subscription, Is secured aud the orig
inal idea ofa thorough system OIL
turnpike roads is carried ont.
The foregoing pEopositionsare sub
mitted, based upon the idea that no
legal opposition be encountered in the
construction Of the turnpike roads as
proposed, by the court or otherwise.
Very respectfully,
JOHN @. LATHAM.
After some discussion and numer-
Gus questions by parties concerned, a
vote was taken on the first and sec
ond propositions. There were 1885,
votes cast. Of which number 1853
shares voted for the first, and 65IS
shares for the second the majority
ruling, unanimous vote was made
accepting the first proposition.
The proposition IN plain terms
means that the first $1,000 of the net
earnings OF the pixies are to 90 to Mr..
Latham and all above that Is TO be
divided pro rata. If $1,000 is TO be |
divided Mr.. Latham will get $4,000
and then 9 per cent. dividend will ,
be declared, including his stock,
which would make his dividend l2l :
per cent. There is no guaranty. The
road must make the money or Mr.. .
Latham viii realize nothing on his
Investment.
The company will be known as the q
CHRISTIAN COUNTY UNION TURNPIKE
ROAD COMPANY.
Articles of incorporation were read
aud adopted, and the following board
Of directors was elected to serve nm {
Ill the first Tuesday In March 1888: +
f. p. Campbell, j. ID. Russell, HI
d. Cant, M. o. Forbes, G. A. Thomp-
son, w. g. Wheeler, p. j. Glass and
Jno. G. Latham.
The directors met Tuesday night
at the City Bank and organized by
eIecting 4. p. Campbell, President;
Lucian Jones, Vice President; j. Il
Mcpherson, Treasurer; S. G. Mercer,
Secretary; j. l. l.andes, Attorney.
The three banks In this city are to be {
equal repositories.
Steps will be taken at once to put 5
the work right through to compile
ton. The County Court will be call
ed together March Ia and as socn as
they grant the right of way the work
will DO begun.
THE STOCKHOLDERS.
Lucien Jones, 1880; r P Ows- :
ley, 5000; Forbes & Bro, $1,000; S
e Trice, G o Thompson, ID Il Beard,
w B Mason, RH Holland, Garneti,
Williams & Holland, and j r Glass,
81 900 each c + Jarrett, G A Thomp-
son, e p Campbell, S @ Mercer, L II
Cook, ID ; Wood, G NJ Latham, John
Moayon, Hancock, Fraser & Rags
dale, Wheeler. Mills ~ Co, Il i Ellis !
& Co. Geo v Green, Thos Green,
Cant & Gather Co, M A Mason, ii
r Litlell, DR.. A p Campbell, g w
Radford, j / Landes, ID ] Gish, Mrs.
s l. Bowling, j ID Russell, II Cl
Cant, NJ Frankel, and DIR. James
Rodman, $500 each; Alternately
Il Co, $500; Peter Postell, $500; W
Withers, w I Cooper, w A Lowry,
Rea, johnson Il Oyershiner, $3.50 each /; {
Chas Mckee u Co., James Pyle, s n
Fox, M d Kelly, Brent q Phelps, |
Metcalfe Man'f'g Co., w. L. Stowe, {
Polk Cansler, DR.. w II Hill, Eugene |
Mills Co., 5000 each G v Campbell, !
N b Shyer, Jas Ragsdale, ID G Wiley, /
A i. Wilson. J w Rust, G B Webb, /
@ M Meacham, j M Hopkins, J B
Galbreath Il Co., A. w. Pyle, G E
Gather, w Breathitt, II b Garner,
r L Waller, M ID Steele, Wiley q
Parker, John Coombs, DR.. Andrew
SSssssgfss;;ii:: , Gsyyi;s; s. Merritt, Rem
shaw u Clark, II @ Ballard, L L
Buckner, Dalton & Bro, Rev. ] N
Prestridge. w p Winfrce, N Tobin q
Co, George Brady, Rev. j 7 Bal
row, r M Anderson, DR.. L b Tlick-
man, A II AndersgD, I Morrow,
Z G Calls, John B. Trice, William I
L Trice, Il 4 Petree, j d Tyler, &
William A Wilgus, William NJ Tandy,
Samuel II Richardson, J L McPher-
son, Howe q Galbreath.C w Ducker, a
4 L Smith, Hanna & Crum, L w
Waller n w Handoroou 4 M Star